Central New York Technology Development Organization Inc
- Assets
- $2.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Liverpool, NY
- Founding
- 05/1990
- Data as of
- 10/2021
- EIN
- 16-1339956
Organization Overview
Central New York Technology Development Organization Inc is located in Liverpool, NY. The organization was established in 1990. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2021, Central New York Technology Development Organization Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central New York Technology Development Organization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2021, Central New York Technology Development Organization Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $1.4m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW THE LOCAL ECONOMY BY HELPING LOCAL CENTRAL NEW YORK MANUFACTURERS AND TECHNOLOGY COMPANIES DRIVE OPERATIONAL EXCELLENCE AND CULTURAL TRANSFORMATION TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CNY TDO WORKS HANDS-ON WITH ORGANIZATIONS TO DEVELOP AND IMPLEMENT STRATEGIES TO MEET THEIR GOALS AND SOLVE PROBLEMS. THIS IS ACCOMPLISHED THROUGH INITIATIVES IN LEAN SIX SIGMA, WORKFORCE AND LEADERSHIP DEVELOPMENT, STRATEGIC PLANNING, QUALITY SYSTEMS, MARKETING AND SALES STRATEGIES, THE IMPLEMENTATION OF LEADING-EDGE TECHNOLOGIES AND MORE. FOR RESEARCHERS AND ENTREPRENEURS, CNY TDO HELPS DEVELOP SUCCESSFUL BUSINESS STRATEGIES, ASSIST IN THE TRANSFER OF UNIVERSITY-DEVELOPED TECHNOLOGIES, AND SMOOTH THE TRANSITION FROM START-UPS TO MATURE ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Laundry Employee | 40 | $131,107 | |
James A D'agostino CEO | Officer | 40 | $125,523 |
Sarah Burlingame Employee | 40 | $121,520 | |
Laura Miller Chair | OfficerTrustee | 1 | $0 |
Joseph Mcglynn Treasurer | OfficerTrustee | 1 | $0 |
Edward Bogucz Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abercrombie Consulting Training | 10/30/20 | $118,500 |
Patrick Graupp Training | 10/30/20 | $238,000 |
Peakmarket Consulting Llc Training | 10/30/20 | $250,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $579,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $579,238 |
| Total Program Service Revenue | $683,934 |
| Investment income | $77,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,309 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,411,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,347 |
| Compensation of current officers, directors, key employees. | $50,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,229 |
| Pension plan accruals and contributions | $13,723 |
| Other employee benefits | $42,031 |
| Payroll taxes | $45,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,833 |
| Fees for services: Accounting | $64,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,964 |
| Advertising and promotion | $13,655 |
| Office expenses | $19,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,437 |
| Travel | $20,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,915 |
| Insurance | $13,140 |
| All other expenses | $431 |
| Total functional expenses | $1,382,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,276 |
| Savings and temporary cash investments | $271,491 |
| Pledges and grants receivable | $187,428 |
| Accounts receivable, net | $150,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,345,841 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,646 |
| Net Land, buildings, and equipment | $46,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,128,896 |
| Accounts payable and accrued expenses | $85,802 |
| Grants payable | $0 |
| Deferred revenue | $14,889 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,691 |
| Net assets without donor restrictions | $2,028,205 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,128,896 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central New York Technology Development Organization Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
New York City Industrial Technology Assistance Corporation New York, NY PURPOSE: To help scale PPE production and to maximize PPE lifespan. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Civic Innovation Inc New York, NY | $21,208,939 | $12,582,443 |
Masschallenge Boston, MA | $11,733,602 | $12,993,021 |
Ben Franklin Technology Center Of Southeastern Pennsylvania Philadelphia, PA | $114,107,980 | $9,362,495 |
Entrepreneurship For All Inc Lowell, MA | $9,819,862 | $9,183,052 |
Trenton Business Assistance Corporation Mercerville, NJ | $91,160,866 | $14,574,637 |
Economic Progress Alliance Of Crawford County Meadville, PA | $32,588,545 | $5,037,136 |
Trickle Up Program Inc New York, NY | $7,710,130 | $4,721,602 |
Commonwealth Kitchen Inc Dorchester, MA | $6,037,148 | $6,037,848 |
Manufacturers Resource Center Allentown, PA | $3,950,399 | $3,151,417 |
Spedd Inc Vandergrift, PA | $27,841,148 | $4,019,412 |
World Trade Center Small Business Recovery Fund Inc Albany, NY | $0 | $35,625 |
Latin American Venture Capital Association New York, NY | $0 | $1,998,213 |